Ruth has a passion for helping businesses get and stay profitable utiliSing the latest technology that makes sense to use. Ruth is also the #1 Best selling author of The Courage to be Profitable and three other award winning books.

What else can you tell where the balance sheet is wrong?

"If you're a company that has inventory but you have no inventory on your balance sheet, it is wrong. Because if you've got inventory in your business and you don't have it on your balance sheet, somebody's playing games. Let's put it this way. They're not creating proper numbers."

"I quite frankly don't look at return on equity on a month by month basis. Maybe once a year I looked more at what's called current ratio, which is the thing that says can you pay your bills or not? If you take your current assets, which are things that are cash or turned into cash, like cash receivables and inventory basically, and divide that by current liabilities, which are things that you have to pay within a year and you divide those two numbers is called the current ratio. Your current ratio should be increasing, so if this month your current ratio was two and next month it's two point one and the month after that is two point two. That means your profitability is increasing. If you're current ratio ever falls under one, you have a problem because you have more bills coming in. Then you have assets to pay them. It's not a good thing."

15 ways employees and vendors steal from you and what can you do about it[Ruth is sharing a personal story here ...]

Jack HM Wong Is an author of his Amazon bestselling book Cracking the Entrepreneur Code: 7 Tips to Build the Business You Always Wanted. He has been featured on CBS News, Fox, ABC News and NBC News. His mission is to improve the quality of lives of over 1 million people worldwide. His message to people who are stuck in the rat race is straightforward - "Anyone can start Any Business, Anyhow, Anywhere and Anytime".